Table 4-2 U.S. Water Transportation Fixed Assets and Labor, 2002-2007
Table 4-2
U.S. Water Transportation Fixed Assets and Labor, 2002-2007
| Type | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | Percent change 2002-07 |
|---|---|---|---|---|---|---|---|
| Fixed assets ($ billions) | 42.3 | 44.5 | 46.8 | 49.2 | 52.4 | NA | 23.9% |
| Vessels | 23.4 | 24.6 | 25.7 | 26.8 | 28.2 | NA | 20.5% |
| Communications | 10.2 | 10.9 | 11.6 | 12.2 | 13.2 | NA | 29.4% |
| Buildings | 4.5 | 4.6 | 5 | 5.6 | 6.1 | NA | 35.6% |
| Other | 4.2 | 4.4 | 4.5 | 4.6 | 4.8 | NA | 14.3% |
| Segment | |||||||
| Labor (000 jobs) | 147.8 | 148.3 | 147.9 | 154.5 | 162 | 164.1 | 11.0% |
| Transportation | 52.6 | 54.5 | 56.4 | 60.6 | 62.7 | 64.3 | 22.2% |
| Port services | 95.2 | 93.8 | 91.5 | 93.9 | 99.3 | 99.8 | 4.8% |
NOTE: NA = Not available.
SOURCES: Fixed Assets: U.S. Bureau of Economic Analysis, Fixed Assets Accounts. Detailed data available at www.bea.gov. Labor: U.S. Bureau of Labor Statistics, Current Employment Statistics Survey, Detailed Data Files. Detailed data available at www.bls.gov.
U.S. water transportation is in a period of renewal and expansion with a 24% increase in gross output, a 22% increase in value added (gross output less intermediate inputs), a 35% increase in industry assets, and over 6,000 jobs added over the last 5 years.